Milei Defends the Ironed Dollar Amidst Economic Reforms
In a recent interview with A24, Argentine President Javier Milei staunchly defended the current exchange rate of the dollar, dismissing any notion of it being overvalued. “He is no way expensive, there is no exchange delay,” Milei asserted, refuting claims that the dollar is priced too high.
The president emphasized that the government is not encouraging a decrease in the dollarS value. “We are not motivating a decrease in the dollar,” he stated, criticizing those who question the exchange rate. “those who say that are quite gross, to put it in an educated way,” Milei added.
Milei’s comments come at a time when the official dollar is trading at $1035.50 for purchase and $1075.50 for sale. The blue dollar,simultaneously occurring,is valued at $1185 for purchase and $1205 for sale. These figures highlight the disparity between the official and informal exchange rates, a longstanding issue in Argentina’s economic landscape.
Milei’s Economic Reforms and Controversies
milei’s administration has been marked by meaningful economic reforms and controversies. One of the most recent developments includes the displacement of Mariano de los Heros, the head of ANSES, following tensions over the need for pension reform. “The resignation of Anses Mariano de los Heros has been requested,” confirmed Fernando Bearzi.
In another notable move, Milei criticized former Economy Minister Domingo Cavallo, labeling him “unpresentable.” ”While he was Minister of Economy and insulted everyone when they talked about devaluation,” Milei recalled, emphasizing that the current economic program is more triumphant than the convertibility system implemented during Cavallo’s tenure.
Privatization and International Trade
The government has also taken steps towards the privatization of key state assets. With the signature of President Javier Milei and Economy Minister Luis Caputo, the government published a decree authorizing the “procedure for total privatization of Belgrano Cargas.” This move aims to advance in the “vertical disintegration and the separation of the activities and goods of each business unit,” affecting the Belgrano Sur and Belgrano Norte lines, among others.
Internationally, the announcement of U.S. President donald Trump’s 25 percent tariffs on steel and aluminum imports has sparked concern among Argentina’s industrial sectors. This measure could have significant implications for trade and economic relations between the two countries.
Summary of key points
| Aspect | Official Dollar | Blue Dollar | Recent Actions |
|—————————–|————————–|————————|——————————————|
| Purchase Price | $1035.50 | $1185 | Displacement of ANSES head |
| Sale Price | $1075.50 | $1205 | Privatization of Belgrano Cargas |
| Milei’s Stance | No devaluation planned | | Criticism of Domingo Cavallo |
| International Impact | | | U.S. tariffs on steel and aluminum |
Conclusion
President Javier Milei’s defence of the dollar’s value and his administration’s economic reforms are shaping Argentina’s financial landscape. As the country navigates these changes, the impact on both the official and informal exchange rates, as well as the broader economic implications, will be closely watched.
For more insights into Milei’s economic policies and the latest updates on the dollar, stay tuned to our coverage. Your feedback and questions are welcome in the comments section below.
Read the full note on Milei’s defense of the dollar.
Read the full note on the privatization of Belgrano cargas.Read the full note on U.S. tariffs on steel and aluminum.
